CNBC Power Lunch – Buy the Tech Rally? 7.11.16
In a market starved for growth, which types of companies within the tech sector represent the best long-term investments? CNBC reached out to Broadleaf Partners CIO, Doug MacKay, to find out.
First Quarter 2016 Performance and Commentary Review
The first quarter was a tale of two halves. During the first half, the stock market came under significant pressure as oil prices fell to new lows, broader credit concerns became elevated, and recessionary risks rose. The second half was marked by a bounce in oil prices on a hoped for production quota agreement from […]
Fourth Quarter 2015 Commentary and Performance Review
Our portfolio and the stock market bounced back aggressively in the fourth quarter following the Chinese Yuan induced swoon during the third. We finished the full year in positive territory, substantially ahead of our comparative indices and peer group. While there has been much gnashing of teeth over the narrowness of the market’s gains this […]
Little League Trophies
The financial markets have worn many masks this year. Like a ping pong ball, wide and powerful swings from Fed pronouncements, movements in the dollar, and the price of oil have contributed to violent and swift changes in mood. Perception and reality are almost entirely a function of macroeconomic news, but for the very brief […]
Earnings Voids and the Emergence of Plausible Risk
We had put the finishing touches on a market update celebrating our first ten years in business, but were rudely interrupted by the first violence in the markets we’ve seen in nearly a year. Yes, a year. We don’t want to minimize the severity or swiftness with which many stocks have been hit in the […]
Second Quarter 2015 Commentary and Performance Review
The Broadleaf Growth Equity Portfolio (BGEP) enjoyed another nice gain in the second quarter, both on an absolute basis and relative to the S&P 500. Performance gains were relatively broad based, both at the sector and individual security levels. Technology and consumer discretionary related holdings were particular sources of strength during the quarter. Over the […]
Our Take on the Fed Minutes
I hate to blow up everyone’s inbox with a second Economic Update in just over a week, but I guess I just did. Usually, I don’t have anything intelligent to say more than once every month or so and since I’m not a journalist, I’m never forced to make stuff up just to sell papers. […]
Quick Thoughts 2
Our last piece, Quick Thoughts, generated one of the highest open rates of any Economic Update we’ve sent, so we’ll take that as a clue and stick with the format. Before we get started, we would like to make a short comment on Robin Williams life and death. While he, quite sadly, was not the […]
Twenty Five
I am not a particularly good salesman. From the time I first meet a prospect to when they become a full-fledged client, it can often take two years even when they initiate the first meeting. Fortunately, growing the firm isn’t one of my primary roles, a responsibility that does fall to Bill Hoover, my business […]